A discussion of how Chicago Mayor Rahm Emanuel can help youth through SIBs now that he has squeaked back into office and an Invitation to a European webinar.
Happy Memorial Day to our US readers, enjoy the rain for those experiencing the UK Bank Holiday weekend.
If Youth Is Really On Emanuel’s Agenda, Here’s What He Can Do
Curtis Black – Chicago Reporter
On another front, early-childhood education has been shown to reap huge benefits in preparing kids to succeed in school. Emanuel has touted an initiative to provide half-day pre-K to 1,500 children from below-poverty families. That’s financed by social impact bonds, which means half the $35 million program cost will go to private investors.
Social Finance Webinar – Social Impact Bond Futures: The Development of Outcome Based Finance
Blogpro
Toby Eccles sets out his vision for the scaling of Social Impact Bond and the growth of outcomes finance market. He discusses the potential application of Social Impact Bonds in different social areas, the investor appetite for Social Impact Bonds, the need for new organisations suited to an outcomes based financing environment and the challenges of developing the market to scale. The webinar includes a presentation from Toby followed by Q&A.